Rent increase in lease option

[Bob Stein]

Hi, all.

A 5 year lease give a 5 year option to extend. It states:

Landlord hereby grants to Tenant the option to extend the term of this lease for an

additional period of five years, commencing when the prior term expires, upon the
same terms and conditions as are provided for herein.

The original lease states:

Can the 5 year extension be raised more than 1% each year or is it capped at that 1%?

Thanks